The baking industry is has been shifting towards eastern countries as European as well as American countries have reached market maturity. Countries namely India, China, Japan, Thailand, Singapore, Malaysia are likely to gain more traction for baking ingredients due to increasing influx of tourists in these countries. Even though bread consumption is low in Asian countries compared to European nations, the trend is likely to change eventually in coming years.

Products namely cookies, hard/ soft tortillas, fresh bakery cakes have been showing uptrend in the overall bakery market hence ingredients going in these products are likely to show increased demand in coming years. Increasing demand for haute cuisine has resulted in increased portion of baked items within eh course of meal. Bread and bakery are considered by modern cuisine and leading chefs, not just a supplement to the dishes served in their restaurants but a fundamental part of their creativity offering. The baking industry includes baking of dishes such as cookies, cakes, breads, frozen bakery products, etc. with rising consumption of these products, the demand for baking ingredients is likely to show escalation in coming years

Inclination towards gluten free bakery products

The baking industry is has been updating their ingredients as per the requirements from consumers. Gluten has been one of the most common ingredient in baked items which has been proven to cause medical complications. Conditions such as heart diseases, IBS, diabetes, stroke, chronic pulmonary disease have been associated with high consumption of gluten containing products. To overcome these complications, the bakery industry has introduced gluten free products.

Medical conditions such as irritable bowel syndrome (IBS), celiac disease, and many more have a developed allergy for gluten. With increasing population for above mentioned conditions, emergence of gluten free baking products has been a boon. Baked items are the major component of western cuisine and availability of gluten free products has resulted in complete penetration of products across all age groups. Growing incidence rates of above-mentioned disorders in countries namely U.S., Germany, France, UK, Italy, Spain Canada, is likely to fuel the demand for gluten free bakery products in coming years.

Bread likely to dominate the global market

Regardless of income and status level, ethnicity or age group, a lot of people eat bread and keep it dear. It is the main reason for the everyday gruelling and it is a representation of all regions and territories ' cultures. Wheat and bread constituted the basic food for people. Sometimes a slice of bread shows privilege and sometimes it is the waste and extravagance. Talking about consumption, the global bread & bakery market stood over USD 300 billion in 2016 and is expected to grow at a CAGR of 0.5% to 2025. Presence of large number of local manufacturers have been ensuring the continuous supply of breads to consumers. With imports accounting for just 9%, majority of the breads are produced locally within countries.

Asia Pacific will lead the growth in this market

The demand for baking ingredients is likely to be most lucrative in Asia Pacific. With Chinese baking industry growing at a faster rate than the nations GDP, demand for baking ingredients is likely to show lucrative growth within the region. The bakery & confectionery market in china grew at a CAGR of 11.9% from 2011-2016 and is likely to show similar growth in future on account of increased consumption of bakery items.

Similar growth has been observed in the bakery industry of India. Growth rates of 8-9% have been observed in the past and is likely to increase in future due to increased spending of middle income groups on culinary treats on frequent basis. Furthermore, India holds 2^nd position in production of biscuits globally with presence of manufacturing facilities of renowned brands such as ITC, Parle, Dukes, etc. within the country. The food industry in Asia has been adopting western culinary culture to cater large number of tourists coming from American as well as European regions. Such factors have been and will benefit the growth of baking ingredients market within the region.

Key Market Players

•    Cargill
•    Associated British Foods Plc
•    Koninklijke DSM N.V.
•    Kerry Group Plc
•    Lallemand, Inc.
•    Corbion
•    Südzucker Ag
•    Archer Daniels Midland Company
•    Lesaffre
•    Muntons Plc
 

Market Segments: Baking Ingredients Market

• By Type
  • • Emulsifiers
    • Leavening Agents
    • Enzymes
    • Oil
    • Starch
    • Colours & Flavours
    • Others
• By Application
  • • Bread
    • Biscuits & Cookies
    • Cakes & Pastries
    • Rolls & Pies
• By Region (tentative)
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Middle East and Africa
    • UAE
    • South Africa
  • Central & South America
    • Brazil

Key Sources

• Industry Associations
• Company Annual Reports
• Company Websites
• Key industry leaders
• Technology consultants
• Others

Key Questions Answered

• What are the key growth regions and countries?
• What are the important types and technologies being used?
• What are the market players doing, in terms of research and development?
• Which are the new product grades for this market?
• What are the integrations happening?
• What is the recent news, developments, mergers, or large value deals?
• Where will the industry go in the long run?

Key Stakeholders

• Global/regional food associations
• Raw material manufacturers
• Regulatory Authorities
• Research and Innovation Organizations
• Technocrats
• Suppliers and Distributors
• Other Channel Partners
• Quality Control Organizations